Charles N. Doberneck

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Planning For Nursing Home Or In-Home Care Costs

Posted on June 1, 2014 at 9:35 PM

There are a number of methods of providing for in-home care or nursing home care for persons who cannot be properly cared for in their homes, including:

  • Payment by you or your family members from personal income or assets;
  • Medicaid assistance for people with low income and limited assets;
  • VA nursing home care for honorably discharged veterans;
  • Accelerated benefits from your life insurance policy or loans against cash value of policies;
  • Income o...
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Personal Care Contracts And Medicaid

Posted on May 13, 2014 at 12:25 AM

Many children provide full or part-time care for their elderly parents—sometimes for years—so that the parents can remain in their home as long as possible. But at some point a child or other caregiver may no longer be able to provide the level of care that is needed, and nursing home care may become necessary. The average cost of nursing home care in Indiana in 2014 is $5,500.00 per month. How will a parent pay for nursing home care? Medicare does ...

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